What is the length of the additional term available for renewal or extension of a Degree Wellness franchise?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Length of franchise term | Section 2.1 | 10 years |
| b. Renewal or extension of the term | Section 2.4 | Additional terms of 10 years |
| c. Requirements for you to renew or extend | Section 2.4 | The term "renewal" means that you will be granted a franchise for 1 additional term, equal in length to the initial term, subject to your compliance with all the terms of the Franchise Agreement and all other agreements between you and us, |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 49–59)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the franchise agreement allows for an additional term of 10 years upon renewal or extension. This means that after the initial franchise term of 10 years, a franchisee in good standing has the option to extend their agreement for another 10 years, allowing for a potential total of 20 years under the Degree Wellness franchise system.
For a prospective Degree Wellness franchisee, this renewal option provides long-term security and the opportunity to continue building their business under the established brand. It is important to note that the ability to renew is contingent upon the franchisee's compliance with all terms of the Franchise Agreement and any other agreements with Degree Wellness. This highlights the importance of adhering to the franchisor's standards and maintaining a positive relationship to ensure eligibility for renewal.
The renewal term matching the length of the initial term is a fairly standard practice in the franchise industry. Franchisees should carefully review Section 2.4 of the Degree Wellness Franchise Agreement, as referenced in Item 17, to fully understand the specific requirements and conditions for renewal to ensure they meet all obligations and can take advantage of this extension opportunity.